Saudi Arabian Telecom Defensive Blue Chips

Willis Towers Watson

Market Cap: US$25.0b

Operates as an advisory, broking, and solutions company worldwide.

KeyCorp

Market Cap: US$25.0b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

BT Group

Market Cap: UK£18.7b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$194.3b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

China Everbright Bank

Market Cap: CN¥168.2b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Banco de Crédito del Perú

Market Cap: S/84.1b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Huaneng Lancang River Hydropower

Market Cap: CN¥167.5b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

AIB Group

Market Cap: €21.6b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Markel Group

Market Cap: US$24.5b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Snam

Market Cap: €21.2b

Engages in the operation of natural gas transport and storage infrastructure.

Hwatsing Technology

Market Cap: CN¥162.9b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.0b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Constellation Brands

Market Cap: US$23.9b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

First Citizens BancShares

Market Cap: US$23.9b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

China Unicom (Hong Kong)

Market Cap: HK$187.0b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Coca-Cola HBC

Market Cap: UK£17.9b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

CLP Holdings

Market Cap: HK$184.9b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Dollar Tree

Market Cap: US$23.6b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Quest Diagnostics

Market Cap: US$23.5b

Provides diagnostic testing and services in the United States.

Terna

Market Cap: €20.5b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Loews

Market Cap: US$23.4b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Principal Financial Group

Market Cap: US$23.3b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Suzhou Centec Communications

Market Cap: CN¥156.0b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Labcorp Holdings

Market Cap: US$22.9b

Provides laboratory services.

NN Group

Market Cap: €20.1b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

SCREEN Holdings

Market Cap: JP¥3.7t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥153.8b

Inner Mongolia Yili Industrial Group Co., Ltd.

Telefónica

Market Cap: €19.8b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

US Foods Holding

Market Cap: US$22.6b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Coca-Cola FEMSA. de

Market Cap: US$22.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Public Bank Berhad

Market Cap: RM 92.2b

Provides banking products and services.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp402.0t

Provides various banking products and services in Indonesia and internationally.

Banco do Brasil

Market Cap: R$115.7b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Aeon

Market Cap: JP¥3.6t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.